https://www.taxtmi.com/caselaws?id=372630 Expenditure on technical know-how and technical assistance fees was treated as revenue expenditure because its true character and purpose were to obtain technical advice, assistance and information for efficient business operations; Section 32(1) on depreciation for intangible assets did not convert such payment into capital expenditure. Profits of the assessee's USA and UK branches were excluded from Indian taxation because the issue had already been consistently decided in earlier years under the applicable double tax framework, and no distinguishing facts were shown for the year in question. The Tribunal's treatment of both issues was left undisturbed. en-us Tue, 18 Dec 2018 00:00:00 +0530 Wed, 19 Aug 2020 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372630 Expenditure on technical know-how and technical assistance fees was treated as revenue expenditure because its true character and purpose were to obtain technical advice, assistance and information for efficient business operations; Section 32(1) on depreciation for intangible assets did not convert such payment into capital expenditure. Profits of the assessee's USA and UK branches were excluded from Indian taxation because the issue had already been consistently decided in earlier years under the applicable double tax framework, and no distinguishing facts were shown for the year in question. The Tribunal's treatment of both issues was left undisturbed. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372630